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Continental reports stronger second-quarter results
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Rubber World – The Technical Service Magazine for the Rubber Industry
110 ViewsHanover, Germany — Continental reported stronger second-quarter results, driven by higher sales of premium tires, favorable raw-material prices, lower tariff and currency impacts, and continued cost controls.
The Tires business posted an adjusted EBIT margin of 15.3%, exceeding the company’s full-year guidance, while ContiTech delivered a solid performance despite weak market conditions.
Second-quarter sales fell 9.1% to €4.4 billion, largely due to the sale of the Original Equipment Solutions business in February.
Adjusted operating profit rose 35.1% to €570 million, and the adjusted EBIT margin increased to 12.9% from 9.6%.
Continental expects full-year sales from continuing operations of €13.2 billion to €14.2 billion and an adjusted EBIT margin of 12% to 13.5%.